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11-04-2022, 09:00 AM | #27671 |
Hisstank.Com General
Join Date: Dec 2021
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Literally so stupid Fallen Order 2 Cal comes $15.99 next wave and then is repacked two waves later at $17.99. |
11-04-2022, 10:08 AM | #27672 |
Fartbutt McGillicuddy
Join Date: Jul 2020
Location: EARF
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the best thing to come from all that is we actually have something to blame now, instead of hasbro just deciding to do it; because he took time out of his busy day of sitting on his thumb and keeping it warm to write a whole letter about it.
and you know what? that he's blessed with that name, it works. he's a dickhead. |
11-04-2022, 10:46 AM | #27673 |
Iron Grenadier
Join Date: Jun 2010
Location: Jacksonville, Fl
Posts: 608
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Corporations can't just have profit, they must have increased profit or it's a failure and the shareholders (the real customers) dump them. The definition of profit: the money after the costs of doing business. So if profits are down but they still make more money than they spend...it's a disaster! Welcome to corporatism. RIP capitalism.
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11-04-2022, 11:01 AM | #27674 |
Cobra Sith Lord
Join Date: Sep 2007
Location: Surf City, CA
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Quote:
Television studios are guilty of the same exact problem now too. They cancel a tv show if it doesn't do gang-busters after the first few episodes or 1st season. If Seinfeld or the X-Files had come out today they probably both would have been canceled after 1 season even though both ended up eventually being huuuge hits and giant money makers for NBC and Fox in the long run.
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11-04-2022, 11:10 AM | #27675 |
Bill Cosplay
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Corporations can't just have profit, they must have increased profit or it's a failure and the shareholders (the real customers) dump them. The definition of profit: the money after the costs of doing business. So if profits are down but they still make more money than they spend...it's a disaster! Welcome to corporatism. RIP capitalism.
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11-04-2022, 11:21 AM | #27676 |
Hisstank.Com General
Join Date: Jun 2013
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Yep, and it's even deeper and scarier than that. The shareholders now (for the last 3-4 decades, more or less) are really the ultra-wealthy who own those shares through various funds and private equity firms. They've been actively pushing businesses into the quick-profit model and making "ROI" king for all that time. They created this notion a corporation has to "grow" by at least an arbitrary 10% annually. It's all about immediate gain and American business is predicated on a short-term mentality. They push for mergers, stock splits and spin-offs (a private equity group holding a ton of Hasbro shares have been pushing for Hasbro to spin Wizards of the Coast off, for example). So, even though it doesn't always look like it on paper, there's an oligarchy holding control of most major corporations creating actual oligarchies in just about every sector. Walk down just about any aisle in a store and randomly start picking up items and reading who owns those products. You'll quickly realize you're reading the same 2 or 3 names over and over again. Competition is dead, and they've killed it in every sector from frozen food to healthcare. Modern American capitalism is a lie.
What I find maddening is that a business can increase profits per quarter or per year BUT if those increases fail to meet the expectations set by unrelated third party analysts then those increases are seen as a loss to investors who expected MORE. All that hard work and improvement are for nothing because some clown said it should have been more. Another tragic example that we can all identify with is Toys R Us. TRU (despite a lot of online speculation) was actually profitable in it?s business model. I believe the number I had read was 6 bil in profits annually. Don?t quote me on those numbers. However Bain capital had leveraged so much debt on the company that their nut was 7 bil (and I think that was just the interest and not included any principle). So TRU was technically losing money but not because of a loss of interest for kids or competition. It was all just bad investing. Now, is anyone else stunned that the VC Speeder Bike sold out at $45?! I’m a OT only collector and don’t have any modern Speeder Bikes, and only have that 2004 or 2006 vintage carded Biker Scout (already yellowing) and I didn’t bite at that price. I am amazed it sold out as fast. It does look great but not sure I can justify that price.
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11-04-2022, 11:35 AM | #27677 |
Bill Cosplay
Join Date: Feb 2014
Location: Staying clear of knee-jerk nerds.
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Quote:
Top marks Smoke.
What I find maddening is that a business can increase profits per quarter or per year BUT if those increases fail to meet the expectations set by unrelated third party analysts then those increases are seen as a loss to investors who expected MORE. All that hard work and improvement are for nothing because some clown said it should have been more. Another tragic example that we can all identify with is Toys R Us. TRU (despite a lot of online speculation) was actually profitable in it?s business model. I believe the number I had read was 6 bil in profits annually. Don?t quote me on those numbers. However Bain capital had leveraged so much debt on the company that their nut was 7 bil (and I think that was just the interest and not included any principle). So TRU was technically losing money but not because of a loss of interest for kids or competition. It was all just bad investing.
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11-04-2022, 01:14 PM | #27678 |
Hisstank.Com General
Join Date: Dec 2021
Location: Philadelphia, PA
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Good old TRU ruined by Bane, owned by Mr. "Principles" himself Mitt Romney.
No wonder why even my deep Republican friends hate that dude's guts. |
11-04-2022, 01:18 PM | #27679 |
Fartbutt McGillicuddy
Join Date: Jul 2020
Location: EARF
Posts: 4,538
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yo not only did bain capital kill toys r us, but it murdered kb toys. then took on toys r us, and had the audacity to introduce a "kb toys" line at toys r us. i worked at kb towards the end. it was sad to open a store (literally stock it's shelves to open brand new), and then a few months later get that entire store's inventory to work into our little store because that store was closed.
fuck bain capital and fuck that magic underpants wearing asshole that was at the top end of it. |
11-04-2022, 01:55 PM | #27680 |
Bill Cosplay
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The thing to remember here is it's not just KB and TRU, not just Bain, and not just Romney. This shit is happening all the time, everywhere, by everyone. It's how "business" is done now. It's not just about quick profit, but reducing competition too. The only thing that makes capitalism work for society at large and the average Joe is competition. Competition in goods and services AND competition in the labor market. There's a reason why this nation was so concerned with fair competition and fair compensation for so long. Not anymore though. They get us at both ends no matter what now, they employ us and sell to us, and now they control how much things cost in addition to how much they pay us.
Meanwhile, they use the systems and infrastructure society pays for, but they don't pay their fair share of those costs. So, basically, they're living in a world where they make all the money off of EVERYTHING, get to choose how much they charge, get to choose how much they pay us and do it all on our tax dime. And if we balk and suggest they at least pay their share of the tax burden for that infrastructure, they've brainwashed people into believing that's bad for business and what's bad for business is bad for jobs. This is why we are where we are now.
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